However, Judge Wheeler had a more sympathetic ear than his peers. He determined that the takeover of A.I.G. was orchestrated to “maximize the benefits to the government and to the taxpaying public.” Contrary to the conventional wisdom — and common sense — he said that goal was troubling. “The government’s unduly harsh treatment of A.I.G. in comparison to other institutions seemingly was misguided and had no legitimate purpose,” he wrote.

Holy shit.

mk:

Hooray, I won!

I was actually a plaintiff in this case. In the aftermath of the crash, I bought a bit of AIG in a cynical bout of investing, thinking: Well fuck, if they are going to bail these crooks out at my expense, I am going to get my money back by becoming a beneficiary instead of just an involuntary donor.

When I got the class action notice and realized that I qualified to sue the US government for helping the bunch of crooks that I took refuge amongst, it was too fucked up a proposal for me to pass up. I'd never sued the US government before, and suing them for helping me with my money seemed a good place to start.

Seeing that I won and lost, and that I'll probably lose bigger next time around, I'd say things have worked out just perfectly.

Eat that, Damien Hirst.

posted 3230 days ago